MARKET REVIEW
The final Future Directions presentation for the 2006/2007 financial year is traditionally the Market Review. It is always highly anticipated and this time around the response was no different – a sell out crowd at the Rugby Club.

This year’s speakers included Matthew Gross of National Property Research, Geoff McIntyre of Jones Lang LaSalle and Peter Roberts of Landmark White.

Matthew Gross commented on the residential sector and was upbeat in his summation indicating that on the back of the current strong economy he sees no signs of this sector slowing in the short to medium term. Regional centres up the east coast of Queensland also received good reviews on the back of the strong Queensland economy and mining boom but the news for first home buyer was not so great with the issue of housing affordability continuing to be a major factor.

Geoff McIntyre confirmed the rumours that the Brisbane office market is experiencing the lowest vacancy on record dropping to a staggering 0.6%. He was positive in his outlook for the future of this sector seeing no signs of the bubble bursting in the short term due to the fact that the majority of planned developments and those under construction are already heavily pre-committed.

Peter Roberts spoke on the industrial market and like the other panellists had a very positive feel to his observations. Yields for investment properties are reaching unprecedented lows due to a shortage of stock and developable land. Areas such as the TradeCoast including the Port of Brisbane and the south-western corridor were highlighted as regions attracting strong interest from owner-occupiers and investors alike.

All in all, it is fair to say that the future of our property market in general is looking bright.

Check out who was there....
                                                                                                                Proudly sponsored by:

Ryan McCausland - Herron Todd White,  Paul Garner -  Herron Todd White,  Geoff McIntyre - Jones Lang LaSalle, Anthony Simpson - Herron Todd White


Deborah Merry - The Recruit, Joanna Thorpe - D&M Recruitment, Stacey Mills - Multiplex, Tanya Hay - The Recruit


Amanda Shae - Hassell, Catherine Van Der Heide - Hassell, Cameron Smith - Rider Levett Bucknall, Bronwen King - Hassell, Anthea Craig - Theiss


Don Carbone - Carbone Developments, Darren Moldrich -  ANZ Banking, Tony Carbone - Carbone Developments


Michael Cilento -  Bovis Lend Lease,  Anthony Doolin - QIC